**Sydney, Australia** – A consortium led by global investment firm Carlyle Group has submitted a non-binding proposal to provide a private loan to support the buyout of Australian fashion brand Zimmermann..
The loan would be used to finance the acquisition of the company by a group of investors led by Zimmermann’s creative director and co-founder, Nicky Zimmermann, and her brother, Simon Zimmermann..
The proposal is subject to due diligence and customary closing conditions, and there is no certainty that a transaction will be completed..
Zimmermann is a leading Australian fashion brand founded in 1991 by Nicky and Simon Zimmermann. The company is known for its feminine and bohemian designs and has a global presence with over 50 stores in Australia, Asia, Europe, and the United States..
In recent years, Zimmermann has been facing challenges due to the COVID-19 pandemic and the global economic downturn. The company has reported a decline in sales and has been forced to close some of its stores..
The proposed buyout would provide Zimmermann with the financial support it needs to navigate the current challenges and continue its growth trajectory..
The Carlyle-led consortium has a strong track record of investing in the fashion industry. The firm has previously invested in brands such as Golden Goose, Moncler, and Tory Burch..
If the buyout is successful, it would mark a significant development in the Australian fashion industry. It would be the first time that a major Australian fashion brand has been acquired by a private equity firm..
The buyout would also be a sign of confidence in the long-term prospects of the Australian fashion industry. Despite the challenges of the past few years, the industry has shown resilience and continues to produce innovative and world-class designs..
The proposal from the Carlyle-led consortium is a testament to the potential of the Australian fashion industry and the global appeal of Zimmermann’s brand..
